U.S. Markets Poised to Shake Off Italian Election

This transcript has been automatically generated and may not be 100% accurate.

... the the ... markets looking to go higher adapted the biggest slide since early November on Wall Street tried to get past market turmoil sparked by headlines out of Italy ... is turning its attention to expected economic data and testimony ... by the Fed chief here to tell us what we need to now is not to Zemsky Matt thanks for joining ... us from to recover from yesterday and the wild ride and watching everything that was on telephone what we can expect this morning yes and the big question is ... is yes it's often be a one-day event governance and some some follow through today because when he said he has a point higher ... but all around the world investors are shunning risky assets would proceed selloffs in European stocks ... end of the weaker European countries bonds ... um so we've got but we do have a couple new things to help steer the course on the sale of its other European markets traded between and its allies had one that really ... sparked a selloff adds Aaron Tipper saying ... I'm in Italy down four point three percent so become ... red arrows across the board there yet I mean European markets closed modestly lower compared ... to our self yesterday because ... the song in the U S in drilling cellar until towards the end of our session the rolling ... them finish the day ... Santa found ... us to pertain we've got ... the Fed chairman Ben burn Anqi testifying before a Senate committee ... um ... this is just a regular through the Fed doesn't want a while but it has helped increase imports did because it comes at a time when people are ... worried ... about this this stimulus in the defense had going in ... the future I might have to ... pull out of its own investor who ... said that ... the Fed chairman's much reckless lending and economic data as well as on tap yet with doubts among some housing data so I mean not ... not like a giant data point when you know the monthly jobs for for example but still you know housing is service and the people of the conference will stop this what three stocks are you walk into that day so I'm three stocks all trading on earnings which he'd know earnings season is you know what is the recompense of the typical trailers said ... he though of after better than expected results ... from Autodesk ... the maker of ... AutoCAD and other designs I swear ... on trading lower after giving a weak first-quarter outlook ... and Caesars the casino operator ... aam also down after after some downbeat earnings they were Inpex by superstorm Sandy in East Coast talent idle think suffered under threat banks and of course everybody can tune into the markets have at ten thirty for all the warnings